Persuasive messages convince someone to accept a product, service, or idea. To persuade effectively, the sender of the message must know the audience, anticipate arguments, and reduce resistance. Persuasion doesn’t have to be a hard sell; it can be a way of simply getting someone to say "yes."
What can you do to prepare before writing a persuasive sales letter? Check all that apply.
Know what would appeal to the receiver.
Identify the action the writer wants the receiver to take.
Become very familiar with the product, service, or idea.
Read the persuasive letter promoting investment services to Mr. Faraizl, and then answer the corresponding question.
Dear Mr. Faraizl:
Would you like to have more money in your pocket? We can help you make that happen. Recent market fluctuations make adjusting your portfolio to account for current trends more important than ever. Consequently, we are offering a free checkup of your mutual funds mix.
We will review your goals and risk assessment to maximize your returns and reduce any risk. Our company stands apart with our expertise and data on past performance and future prospects for a wide assortment of investment instruments. You can count on our firm to provide you with sound investment information.
When you visit our offices, we will help you create an investment mix that will serve your needs at a level of risk that is comfortable for you and your loved ones. Make an appointment today for a cost-free portfolio checkup.
Sincerely,
Madeline Sentz, Broker
The message to Mr. Faraizl is most likely sales letter.
Read this opening sentence for a sales message, and then answer the question about persuasive language.
Our Digital-Magic Picture Frame is absolutely the best product on the market!
Which would be the best revision for this opening sentence of a sales message?
No revision is needed.
Imagine your loved ones’ faces in our Digital-Magic Picture Frame.
Our Digital-Magic Picture Frame is stellar!
Read the scenario about persuasion, and then answer the corresponding question.
To help earn extra cash while attending college, Blake repairs bikes in his basement. Blake offers the same services that bike shops provide, but he does it at a lower cost to the customer.
Blake will be traveling abroad next semester and wants to earn extra cash before he leaves. To increase his earnings, Blake is preparing an unsolicited sales message to send out.
What should Blake say in his unsolicited sales message? Check all that apply.
Blake’s first sentence could name a specific price because that is the main selling point of his letter.
Blake could emphasize the features and benefits of his service before he mentions cost.
Blake could start with prices because he knows his service is cheaper than his competitors’ cost.
Read the scenario about persuading within an organization, and then answer the question.
Chelsea wants her employees to begin using a new computer program to do the reports they submit. The new program will make it much easier to locate information because contents are indexed and tagged. However, the program itself is complicated and will require some effort on the part of the workers.
How should Chelsea structure her message to her employees about adopting the new computer program? Check all that apply.
Chelsea could organize the message inductively.
Chelsea could tell the employees what she wants in the first sentence.
Chelsea could start with the benefits of having accessible information.
Answers
Persuasive communications influence people to accept a good, an idea, or a service.
What is a Persuasive message?A compelling message is the main idea that engages, educates, persuades, or motivates.
Discussions of persuasive communication frequently contrast reason with passion.
Every communication contains components of ethos, or authority; pathos, or enthusiasm and passion; and logos, or reason and logic.
Examples of persuasive messages include those that beg recalcitrant readers to do something, those that sell goods or services, and those that alter perceptions, such as the need to wear masks during a pandemic.
People are persuaded by persuasive communication to accept a good, idea, or service.
Therefore, persuasive communications influence people to accept a good, an idea, or a service.
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Correct question:
Persuasive messages convince someone to accept a product, service, or idea. To persuade effectively, the sender of the message must know the audience, anticipate arguments, and reduce resistance. Persuasion doesn’t have to be a hard sell; it can be a way of simply getting someone to say "yes."
Related Questions
Interest that is calculated on principal plus interest is known as
Answers
Answer:
That would be known as compound interest.
Which of the following is not one of the variables that shift market demand
Answers
Answer:
where is the option ..............
From the following computer ending inventory, and cost of goods sold
using a LIFO, FIFO and Weighted Average Inventory valuation.
Date Purchased
January 2023
February 2023
March 2023
April 2023
May 2023
Number of Units
25
32
22
36
38
The company sold 137 units.
Cost per Unit
18
19
20
21
22
Answers
Ending inventory and cost of goods sold by using FIFO method is $2,738 and $352
Ending inventory and cost of goods sold by using LIFO method is $2,802 and $288
Ending inventory and cost of goods sold by using Weighted Average method is $2,767.4 and $181.80
What is FIFO?FIFO is the inventory valuation method, in this method the inventory is costed as per the actual price and whenever a unit is sold it is considered that the oldest in the inventory is sold and the relevant cost is transferred to cost of sales.
Cost of Goods sold FIFO method,
25 * $18 = $450
32 * $19= $608
22 * $20= $440
36 * $21 = $756
22 * $22 = $484
137 = $2,738
Ending Inventory FIFO Method,
16 * $22 = $352
Cost of Goods sold LIFO method,
38 * $22 = $836
36 * $21= $756
22 * $20= $440
32 * $19 = $608
9 * $18 = $162
137 = $2,802
Ending Inventory LIFO Method,
16 * $18 = $288
Cost of Goods sold Weighted Average method,
Total units = 153
Total Cost = 3,090
Cost/Units = 3,090/153
=20.2
137 * $20.2 = $2,767.4
Ending Inventory Weighted Average Method,
9 * $20.2 = $181.80
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5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60%
Answers
Answer: C. 40.4%
Explanation:
To find the rate of change in production, we can use the following formula:
Rate of change = (New value - Old value) / Old value * 100
Where,
Old value = Production of last month = 900
New value = Production of this month = 1264
Substituting the values in the formula,
Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%
Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!
Answer:
The correct answer is C.
Explanation:
The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%
Pharoah Company purchases $56,000 of raw materials on account, and it incurs $67,200 of factory labor costs. Supporting records show that (a) the Assembly Department used $26,880 of direct materials and $39,200 of direct labor, and (b) the Finishing Department used the remainder. Journalize the assignment of the costs to the processing departments on March 31. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31
Answers
a. Assembly Department: Raw Materials Inventory $26,880, Factory Labor $39,200, Accounts Payable $66,080
b. Finishing Department: Raw Materials Inventory $29,120, Factory Labor $28,000, Accounts Payable $57,120
Based on the information provided, the raw materials and manufacturing labour expenses are allotted to the Assembly and Finishing Departments. The Assembly Department is in charge of $26,880 in direct materials and $39,200 in direct labour, while the Finishing Department is in charge of the remaining raw materials and factory labour costs.
The debit entries in the journal entry represent increases in the cost accounts of the two departments (Raw Materials Inventory and Factory Labour), whereas the credit entries show increases in the Accounts Payable account.
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What are the four segments in a PEST analysis?
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PLEASE HELP!!! I need to come up with a unique business that would be convenient in a high school. It can be one that sells food, drinks, etc
Answers
New Venture Management (1)
1. Explain the below the process of financial management.
*. Importance of Financial Statements - Preparation of historic Financial statements
*. Forecasts - Preparation of Forecasts
*. Budgets - Preparation of pro forma financial statement
*. Financial Ratios - Ongoing analysis of financial results
Answers
The process of financial management involves the preparation and analysis of historic financial statements, forecasts, budgets, and ongoing monitoring of financial ratios.
The process of financial management involves several key components that contribute to effective financial decision-making and the overall financial health of a business. Here is an explanation of each component:
Importance of Financial Statements - Preparation of Historic Financial Statements:
Financial statements, such as the income statement, balance sheet, and cash flow statement, provide a historical snapshot of a company's financial performance, position, and cash flows. These statements are crucial for assessing profitability, liquidity, solvency, and overall financial stability. By analyzing past financial statements, management can identify trends, evaluate the impact of previous decisions, and make informed decisions for the future.
Forecasts - Preparation of Forecasts:
Forecasts involve projecting future financial performance based on historical data, market trends, and other relevant factors. This process helps businesses anticipate potential opportunities, challenges, and financial needs. Forecasts typically include projected income statements, balance sheets, and cash flow statements, providing insights into expected revenue, expenses, assets, liabilities, and cash flows. It enables management to plan and allocate resources effectively, set financial goals, and make strategic decisions.
Budgets - Preparation of Pro Forma Financial Statements:
Budgets are financial plans that outline anticipated income, expenses, and cash flows for a specific period, typically on a monthly, quarterly, or annual basis. Pro forma financial statements, including pro forma income statements, balance sheets, and cash flow statements, are created as part of the budgeting process. Budgets help in setting targets, allocating resources, and monitoring performance against the planned financial objectives. They serve as a roadmap for financial management and aid in identifying areas that require adjustment or improvement.
Financial Ratios - Ongoing Analysis of Financial Results:
Financial ratios are quantitative indicators that provide insights into a company's financial performance, efficiency, and profitability. Ratios compare different financial figures from the financial statements to assess liquidity, profitability, solvency, efficiency, and other key aspects. By monitoring and analyzing financial ratios on an ongoing basis, management can identify trends, compare performance against industry benchmarks, and make informed decisions to optimize financial performance. These components contribute to understanding a company's financial position, making informed decisions, and driving sustainable growth and profitability.
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Which of the items below are the most common macroeconomic policy goals? Categorize each item based on whether or not it is a primary goal of macroeconomic policy. Primary macroeconomic policy goal Not a primary goal Help set the optimal price for a pound of peaches at the local grocery store Calculate how much urban residents Low unemployment are willing to pay to protect biodiversity Growth in the standard of living Eliminating political conflict Low inflation
Answers
Macroeconomics deals with issues, goals, and policies that affect the entire economy. All economic analysis relating to aggregates is macro. UK unemployment rate, inflation rate, and UK economic growth; are all UK aggregates and therefore macro issues.
The main objectives are:
Full employment Price stability Rapid but sustainable Economic growth Payment picture.The goal of full-time employment is practically written in history books. Thus, "full employment does not mean that everyone has a job". Even in the era of full employment in the 1950s, there were still 300,000 unemployed. The main goals of macroeconomics are stable economic growth and maximization of the standard of living.
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The current assets and current liabilities sections of the balance sheet Allessandro Scarlatti Company appear as follows.
ALLESSANDRO SCARLATTI COMPANY
BALANCE SHEET (PARTIAL)
DECEMBER 31, 2017
Cash $40,000 Accounts payable 61,000
Accounts receivable $89,000 Notes payable 67,000
Less: Allowance for doubtful accounts 7,000 82,000 $128,000
Inventory 171,000
Prepaid expenses 9,000
$302,000
The following errors in the corporation's accounting have been discovered:
a. January 2018 cash disbursements entered as of December 2017 included payments of accounts payable in the amount of $39,000, on which a cash discount of 2% was taken.
b. The inventory included $27,000 of merchandise that had been received on December 31 but for which no purchase invoices had been received or entered. Of this amount, $12,000 had been received on consignment: the remainder was purchased f.o.b. destination, terms 2/10, n/30. 2017.
c. Sales for the first four days in January 2018 in the amount of $30,000 were entered in the sales journal as of December 31, 2017. Of these, $21,500 were sales on account and the remainder were cash sales.
d. Cash, not including cash sales, collected in January 2018 and entered as of December 31, 2017, totaled $35,324. Of this amount, $23,324 was received on the account after cash discounts of 2% had been deducted, the remainder represented the proceeds of a bank loan.
Required:
a. Restate the current assets and current liabilities sections of the balance sheet in accordance with good accounting practices.
b. State the net effect of your adjustments on Allessandro Scarlatti Company's retained earnings balance.
Answers
Answer:
A. Total Current Assets $286,696
Total current liabilities $140,000
B. Decreaseto retained earnings $58,575.92
Explanation:
A. Calculation to Restate the current assets and current liabilities sections of the balance sheet in accordance with good accounting practices.
ALLESANDRO SCARLATTI COMPANY
Partial Balance Sheet
As of December 2018
CURRENT ASSET
Cash Balance $40,000
Cash disbursement after discount$38,220
(39000*98%)
Less Cash sale in january) ($8,500)
($30000-$21500)
Less Cash collected on account ($23,324)
Less Bank loan proceeds ($12,000)
ADJUSTED CASH $34,396
Add Account Receivable $91,300
Less Allowance for doubtful account ($7,000)
Inventories $159,000
($171,000-$12,000)
Prepaid expense $9,000
TOTAL CURRENT ASSETS $286,696
CURRENT LIABILITIES
Accounts payable $85,000
Notes payable $55,000
($67,000-$12,000)
TOTAL CURRENT LIABILITIES $140,000
b. Calculation to State the net effect of your adjustments on Allessandro Scarlatti Company's retained earnings balance
ADJUSTMENT TO RETAINED EARNINGS STATEMENT
January sales discounts $795.92
($39000/.98*0.02)
Add January sales $30,000
Add January purchase discount $780
($39000*0.02)
Add December purchase $15,000
($27000-$12000)
Add consignment inventory $12,000
Change (decrease) to retained earnings $58,575.92
Therefore The net effect of your adjustments on Allessandro Scarlatti Company's retained earnings balance will be a Decrease to retained earnings of the amount of $58,575.92
Working:
Calculation for ADJUSTED ACCOUNTS RECEIVABLE
Account Receivable balance $89,000
Accounts reduced from january $23,800
collection ($23,324/.98)
Less Account receivable in January ($21,500)
ADJUSTED ACCOUNTS RECEIVABLE $91,300
Calculation for ADJUSTED ACCOUNT PAYABLE
Accounts Payable $61,000
Cash disbursement $39,000
Less Purchase invoice ommitted($15,000)
($27,000-$12000)
ADJUSTED ACCOUNT PAYABLE $85,000
Which of the following is NOT a part of a professional appearance?
Question 2 options:
long fingernails
clean fingernails
hemmed pants
minimal jewelry
Answers
Answer:
Long fingernails is not a part of professional appearence
The decision to upgrade the software is a question of investing wisely in our operation or letting the business fail.
Answers
Presents two possibilities and states that only one of them can be true, and the other must be false. This false dichotomy ignores alternative viable options, which makes it false. This is an Either/Or Logic.
What do you mean by possibilities?
Possibilities refer to the potential for something to happen. Possibilities are open-ended, providing the opportunity for any number of outcomes. This broad range of options allows for exploration and creativity, as well as risk-taking and experimentation. Possibilities can be both exciting and intimidating, but they open the door for limitless potential. Possibilities can be seen in personal, professional, and creative endeavors, offering a sense of hope and possibility. Possibilities give us the opportunity to dream, create, and explore, and allow us to make meaningful and lasting changes in our lives.
So, Presents two possibilities and states that only one of them can be true, and the other must be false.
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. Define corporate-level strategy. What are the different levels of diversification firms
can pursue by using different corporate-level strategies?
Answers
Answer:
Tipos de diversificación empresarial
Explanation:
°Inversión propia. Constituye la fórmula de diversificación más seguida, puesto que supone echar mano de los recursos propios a la hora de intentar conquistar nuevos espacios productivos y clientes.
°Adquisición total o parcial de una empresa.
°Diversificación relacionada.
°Diversificación no relacionada.
Mindy is acknowledging the team members for their contribution to the project and making sure all contracts have been paid. She is in the _____.
project-execution phase
project-closure phase
project-planning phase
project-initiation phase
Answers
project-initation phase
Answer:
project-closure phase
Read the following scenario and choose the correct graphs they represent.
The government passes a new tax on fast food that takes effect immediately.
Please answer it correctly and asap.
Answers
Answer:
Explanation: the answer is the answer for the thing
Why is it important to include industry terminology in a résumé? How can you find industry terminology?
Answers
Answer:
Including industry terminology will show you are "current" with the profession and know what the trends are at this time.
Explanation:
Application of Forensic Accounting Concepts
Complete Case 21 & 28. Refer to the Case in the textbook for detailed instructions.
Answers
Answer:
An essential step in the incident response process is digital forensics. In order for law enforcement to use the information about a criminal incident, forensic investigators must identify and document it.
What is Digital Forensics?
In a court of law, rules and regulations governing this procedure are frequently crucial in demonstrating guilt or innocence. A person who is motivated to follow the trail of evidence and virtually solve a crime is a digital forensics investigator.
In this case, a computer forensic analyst would be called in to assess how attackers got onto the network, how they moved around it, and what they did there, including whether they stole data or installed malware.
In similar situations, a digital forensic investigator's job is to recover information such as documents, images, and emails from computer hard disks and other data storage devices, like zip and flash drives, that has been lost, destroyed, or in some other way altered.
Therefore, An essential step in the incident response process is digital forensics. In order for law enforcement to use the information about a criminal incident, forensic investigators must identify and document it.
Explanation:
How could managers address employee turnover
situations at their organisations?
Answers
It's simple to implement this turnover reduction method. Simple "thank yous" and notes of appreciation, whether verbal or written, may go a long way in acknowledging the hard work staff put in every day.
Another excellent approach to reward employees is by providing them with new chances. Businesses struggle with turnover because it can result in lost productivity, high hiring and training costs, and low morale among the surviving staff.
And lastly, a company's ability to attract and retain elite employees may suffer as a result of a high turnover rate. Employees misinterpreting their job expectations is one of the most frequent reasons for attrition.
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aurora Martinez (31) is filing as a single taxpayer. Aurora was the beneficiary of one of her great-grandmother's traditional IRAs. She passed away during the year and Aurora took a $3,000 total distribution from the account she then used the money to pay down her credit card debt.
Answers
Aurora was the beneficiary of one of her great-grandmother's traditional IRAs. Aurora Martinez (31) is taking money from the Individual Retirement Account(IRA) of her grandmother.
What is an Individual Retirement Account(IRA) ?
Individual Retirement Account(IRA)long-term savings account that individuals with earned income can use to save for the future and enjoy certain tax advantages.
The IRA is designed primarily for self-employed people who do not have access to workplace retirement.
There are annual income limitations that apply to deducting contributions to traditional IRAs and contributing to both IRAs.
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The complete question is:
Aurora Martinez (31) is filing as a single taxpayer. Aurora was the beneficiary of one of her great-grandmother's traditional IRAs. She passed away during the year and Aurora took a $3,000 total distribution from the account she then used the money to pay down her credit card debt.
The price of a dozen eggs falls from $3 to $2.70. In response to this price change, the quantity supplied of eggs falls from 100,000 dozen eggs to 75,000 dozen eggs. What is the price elasticity of supply for eggs
Answers
The price elasticity of supply for eggs is 2.5.
What is the price elasticity of supply?The price elasticity of supply measures the percentage change in the quantity supplied when the price of a good changes.
The price elasticity of supply = percentage change the quantity supplied / percentage change in price.
percentage change the quantity supplied = (75,000 / 100,000) - 1 = -0.25 = 25%percentage change in price = (2.7 / 3) - 1 = -0.1 = -10%The price elasticity of supply = 25 / 10 = 2.5
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Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each department and the proportion of service costs used by the various departments for the month of July are as follows: Proportion of Services Used by: DepartmentDirect costsS1 S2 P1 P2 S1$66,000 0.70 0.10 0.20 S2$161,000 0.20 0.30 0.50 P1$166,000 P2$233,000 Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be:
Answers
Answer:
$46,200
Explanation:
Calculation to determine the amount of S2 costs allocated to S1
S2 costs allocated to S1 =$66,000*0.70/(0.70 +0.10+ 0.20)
S2 costs allocated to S1 =$46,200/1.00
S2 costs allocated to S1 =$46,200
Therefore Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be:$45,200
A) What does it mean for a country to have a negative interest rate? What does it mean for borrowers?
B) Do some research and find countries that currently have a negative interest rate.
C) Why would a central bank lower the interest rate beyond zero?
Answers
A) When a country has a negative interest rate, it implies that the central bank, or the monetary authority of the country, has taken a stance that is intended to promote spending and investment.
B) Countries that currently have a negative interest rate are:Switzerland. -0.75 percentEuropean Central Bank (ECB) -0.50 percentDenmark -0.60 percentJapan -0.10 percentSweden -0.35 percent
C) Lowering interest rates beyond zero serves as a stimulus for the economy, causing people to spend more money and businesses to invest more in capital projects.
A) When a country has a negative interest rate, it implies that the central bank, or the monetary authority of the country, has taken a stance that is intended to promote spending and investment. This is accomplished by creating a climate that encourages borrowers to borrow and lenders to lend.
Negative interest rates make it less expensive for businesses and individuals to borrow money, making it easier for them to invest in growth or make major purchases. As a result, consumption increases, and deflation, or a decrease in prices, can be reduced.
B) Countries that currently have a negative interest rate are:Switzerland. -0.75 percentEuropean Central Bank (ECB) -0.50 percentDenmark -0.60 percentJapan -0.10 percentSweden -0.35 percent
C) Lowering interest rates beyond zero serves as a stimulus for the economy, causing people to spend more money and businesses to invest more in capital projects. As a result, low-interest rates encourage borrowers to borrow more money, lowering borrowing costs and increasing spending.
This spending can help increase economic growth and reduce unemployment by putting more money in people's pockets and increasing demand for goods and services.
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Taxes are cut by 10% for all income levels. What type of policy is being conducted
Answers
When taxes are cut, the type of policy that is being conducted is a expansionary fiscal policy.
What is a expansionary fiscal policy?
Fiscal policies are policies enacted by the government to control the money supply in the economy. Fiscal policy can either be contractionary or expansionary.
Expansionary fiscal policy is when the government increases the supply of money in the economy. This can be done either by reducing the taxes or increasing their level of spending.
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing their spending or increasing taxes.
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Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?
Answers
Reggie's medical expense deduction is $7,276.
AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.
Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:
Drugs (prescribed by physicians): $5,701
Marijuana (prescribed by physicians): $1,470
Health insurance premiums-after taxes: $1,280
Doctors' fees: $1,320
Eyeglasses: $445
Over-the-counter drugs: $270
Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.
Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486
Reimbursements: $570
Medical expenses after reimbursements: $10,486 - $570 = $9,916
To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.
Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.
Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.
Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276
Therefore, Reggie's medical expense deduction is $7,276.
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Which statement is true?
A. Independent contractors make estimated tax payments.
B.Independent contractors have taxes withheld from each paycheck.
C.Independent contractors are not allowed to use tax deductions.
D.Independent contractors do not pay income tax.
Answers
Answer:b
Explanation:
The statement Independent contractors make estimated tax payments is true. The correct option is a.
What is tax?A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer an individual or a legal entity by a governmental organization to fund government spending and various public expenditures regional, local, or national, and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.
The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay promptly and non-compliance, along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent.
Most countries have a tax system in place, to pay for public, common societal, or agreed on national needs and for the functions of government.
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The postal service of St. Vincent, an island in the West Indies, recently introduced a limited edition deluxe souvenir sheet priced at $15.00 each. The initial market response was quite positive, with an increase in unit sales compared to the regular souvenir sheets. The postal service sold a total of 50,000 units of the deluxe souvenir sheet.
Based on the given information, calculate the following:
What was the postal service's increase (decrease) in total contribution margin when it sold 50,000 deluxe souvenir sheets at $15.00 each, compared to selling 80,000 regular souvenir sheets at $8.00 each?
By what percentage did the St. Vincent post office increase the selling price for the deluxe souvenir sheet compared to the regular souvenir sheets? Additionally, calculate the percentage increase in unit sales for the deluxe souvenir sheet compared to the regular souvenir sheets. (Round your answers to one-tenth of a percent.)
If the postal service wants to maintain the same total contribution margin per unit for the deluxe souvenir sheets as it did for the regular souvenir sheets, what selling price should they set for the deluxe souvenir sheet? (Round your answer to the nearest whole dollar.)
Calculate the number of deluxe souvenir sheets the postal service would need to sell at the price determined in question 3 to equal the total contribution margin earned by selling 80,000 regular souvenir sheets at $8.00 each. (Round your answer to the nearest whole number.)
Please show your calculations and provide explanations for each answer.
Answers
1. the postal service experienced an increase in total contribution margin of $7.00
2. The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.
3. The postal service should set the selling price for the deluxe souvenir sheet at $15.00
4. The exact number of deluxe sheets is 45.
Calculation of the increase (decrease) in total contribution margin:
The contribution margin is calculated as the selling price minus the variable cost per unit. Given the information, we have:
Selling price of regular souvenir sheets: $8.00
Selling price of deluxe souvenir sheets: $15.00
Number of regular souvenir sheets sold: 80,000
Number of deluxe souvenir sheets sold: 50,000
To calculate the increase (decrease) in total contribution margin, we need to compare the contribution margin of the two scenarios:
Contribution margin regular souvenir sheets = Selling price - Variable cost
= $8.00 - Variable cost
Contribution margin deluxe souvenir sheets = Selling price - Variable cost
= $15.00 - Variable cost
To find the increase (decrease), we'll subtract the contribution margin of regular souvenir sheets from that of deluxe souvenir sheets:
Increase (decrease) in contribution margin = Contribution margin deluxe - Contribution margin regular
= ($15.00 - Variable cost) - ($8.00 - Variable cost)
= $15.00 - $8.00
= $7.00
So, the postal service experienced an increase in total contribution margin of $7.00 when selling 50,000 deluxe souvenir sheets compared to selling 80,000 regular souvenir sheets.
2. Calculation of the percentage increase in selling price and unit sales:
Percentage increase in selling price = [(Selling price deluxe - Selling price regular) / Selling price regular] * 100
= [(15.00 - 8.00) / 8.00] * 100
= 87.5%
Therefore, the St. Vincent post office increased the selling price for the deluxe souvenir sheet by 87.5% compared to the regular souvenir sheets.
Percentage increase in unit sales = [(Unit sales deluxe - Unit sales regular) / Unit sales regular] * 100
= [(50,000 - 80,000) / 80,000] * 100
= -37.5%
The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.
3. Calculation of the selling price for the deluxe souvenir sheet to maintain the same total contribution margin per unit:
To maintain the same total contribution margin per unit, the selling price for the deluxe souvenir sheet should be equal to the selling price for the regular souvenir sheet plus the increase in contribution margin per unit:
Selling price deluxe = Selling price regular + Increase in contribution margin
= $8.00 + $7.00
= $15.00
So, the postal service should set the selling price for the deluxe souvenir sheet at $15.00 to maintain the same total contribution margin per unit.
4. Calculation of the number of deluxe souvenir sheets to be sold to equal the total contribution margin earned from selling 80,000 regular souvenir sheets:
Total contribution margin from selling regular souvenir sheets = Contribution margin regular * Number of regular sheets sold
= ($8.00 - Variable cost) * 80,000
To calculate the number of deluxe souvenir sheets to be sold, we'll set the total contribution margin equal to that of regular sheets and solve for the number of deluxe sheets:
Contribution margin deluxe * Number of deluxe sheets = Contribution margin regular * Number of regular sheets
($15.00 - Variable cost) * Number of deluxe sheets = ($8.00 - Variable cost) * 80,000
Simplifying the equation:
Number of deluxe sheets = (Contribution margin regular * Number of regular sheets) / (Contribution margin deluxe)
= ($8.00 - Variable cost) * 80,000 / ($15.00 - Variable cost)
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At the beginning of the year (January 1), Buffalo Drilling has $11,000 of common stock outstanding and retained earnings of $8,200. During the year, Buffalo reports net income of $8,500 and pays dividends of $3,200. In addition, Buffalo issues additional common stock for $8,000.
Required:
Prepare the statement of stockholders’ equity at the end of the year (December 31).
Answers
The preparation of the statement of the stockholder equity is as follows:
Statement of stockholder equity
Outstanding common stock $11,000
Add: Retained Earnings $8,200
Add: Net income $8500
Less - Dividend paid $3,200
Add: Issuance of the additional common stock $8,000
Stockholder equity $32,500
Therefore we can conclude that the balance of the stockholder equity at the end of the year December 31 is $32,500.
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(Just need some ideas and inspiration) What do you consider the most important challenge that will face people in the United States in the years ahead?
Answers
Food security, hunger, poverty, population growth, pollution, heatwaves, droughts, and climate change are all interconnected.
What is Food security?Food security refers to the availability of food in a nation and the capacity of its citizens to obtain, afford, and procure enough food.
The United Nations Committee on World Food Security defines food security as everyone having constant physical, social, and economic access to enough, safe, and nourishing food that satisfies their dietary needs and food preferences for an active and healthy life.
Another aspect of food security is the accessibility of food regardless of class, gender, or area.
Food security was a problem many thousands of years ago, as shown by the fact that central governments in ancient China and ancient Egypt were known to release food from storage during famines.
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Explain link between creativity, innovation and entrepreneurship, and outline the steps for screening opportunities
Answers
Creativity, innovation, and entrepreneurship are interconnected and essential for driving economic growth. When screening opportunities, aspiring entrepreneurs should engage in creative idea generation, evaluate market potential, conduct thorough research,
Creativity refers to the generation of novel and valuable ideas, while innovation involves turning those ideas into practical solutions.
Entrepreneurship, on the other hand, is the process of identifying and pursuing opportunities, mobilizing resources, and taking risks to create and manage a successful venture. The link between these three concepts lies in their mutually reinforcing nature. Creativity fuels innovation by providing the initial spark for new ideas and perspectives.
Innovation, in turn, serves as a platform for entrepreneurial endeavors, as it creates opportunities for commercialization and market disruption. Entrepreneurship then takes these innovative ideas and transforms them into tangible products, services, or businesses that generate value and drive economic growth.
When screening opportunities, aspiring entrepreneurs can follow a systematic approach:
Idea Generation: Encourage and engage in creative thinking to generate a pool of potential opportunities.
Opportunity Evaluation: Assess the feasibility, market potential, and competitive landscape of each idea.
Market Research: Conduct thorough research to understand target customers, their needs, and existing solutions.
Resource Assessment: Evaluate the resources required to pursue the opportunity, including financial, human, and technological aspects.
Risk Analysis: Identify and evaluate potential risks and uncertainties associated with each opportunity.
Business Model Development: Formulate a clear and viable business model that outlines how the opportunity will be monetized.
Prototype and Testing: Develop prototypes or minimum viable products to gather feedback and validate the opportunity.
Financial Analysis: Conduct a comprehensive financial analysis to determine the potential profitability and sustainability of the opportunity.
Decision-making: Prioritize and select the most promising opportunities based on the evaluation and analysis.
Implementation and Execution: Develop an action plan and execute it effectively, leveraging creativity, innovation, and entrepreneurial skills.
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Brief summary of New York Yankees Revenue Plan
For Sports Management class.
Answers
Answer:
The Yankees were the lead investors in a group that included Amazon and Sinclair Broadcast Group that bought 80% of the YES Network from Walt Disney in August 2019. The enterprise value of the deal was $3.47 billion. Prior to the deal, the Yankees owned 20% of the regional sports network. Last summer, Disney agreed to sell off 21st Century Fox’s 22 regional sports networks to secure Justice Department approval of its acquisition of major 21st Century Fox assets. The Yankees launched YES, the most-watched regional sports network in the country, in 2002, and the original investors were the team, Goldman Sachs, Quadrangle Group, the owners of the New Jersey (now Brooklyn) Nets, and others. A minority stake in YES was sold to Fox in 2012, and Fox increased its stake to 80% in 2014. The valuation of the sale to Fox was over $4 billion (including $1.7 billion of debt), with the Yankees share valued at $4.2 billion and the remaining portion valued at $3.9 billion.
Explanation: